According to a new market report published by Credence Research Inc., "Global Voice Recognition Market (By Components (Hardware and Software), By Application (Artificial Intelligence and Non-Artificial Intelligence), By End-Use Vertical (Automobile, BFSI, Consumer, Government, Healthcare, Home, Security & Automation, and Others))- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2018 – 2026", the worldwide market for voice recognition is anticipated to grow by 14.5 per cent CAGR during the 2018-2026 forecast period. Voice recognition schemes are safety solutions used to either grant or deny access to people by recognizing and matching their voice patterns. More and more biometric safety solutions have been deployed in the banking and finance sectors to improve safety and customer experience. Government agencies and businesses across the globe, on the other side, are adopting biometric techniques to thwart safety threats. Increased incidences of fraud in multiple industries and enhanced adoption of mobile banking, particularly among e-commerce distributors, are anticipated to drive the global voice recognition market.